Virtus Convertible & Income Fund II (NYSE:NCZ) Shares Pass Above 200 Day Moving Average – Should You Sell?

Virtus Convertible & Income Fund II (NYSE:NCZ) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.76 and traded as high as $15.61. Virtus Convertible & Income Fund II shares last traded at $15.5950, with a volume of 43,610 shares.

Virtus Convertible & Income Fund II Stock Down 0.0%

The business has a 50 day moving average price of $15.57 and a two-hundred day moving average price of $14.76.

Virtus Convertible & Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 28th. Shareholders of record on Thursday, August 13th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Trading of Virtus Convertible & Income Fund II

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC increased its stake in shares of Virtus Convertible & Income Fund II by 4,943.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 7,515 shares of the investment management company’s stock worth $104,000 after buying an additional 7,366 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Virtus Convertible & Income Fund II during the fourth quarter worth about $131,000. CoreCap Advisors LLC boosted its holdings in shares of Virtus Convertible & Income Fund II by 10.1% during the fourth quarter. CoreCap Advisors LLC now owns 10,530 shares of the investment management company’s stock worth $145,000 after purchasing an additional 969 shares during the period. PFG Investments LLC grew its stake in shares of Virtus Convertible & Income Fund II by 8.9% in the fourth quarter. PFG Investments LLC now owns 11,390 shares of the investment management company’s stock worth $157,000 after purchasing an additional 927 shares during the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of Virtus Convertible & Income Fund II in the fourth quarter worth about $174,000.

Virtus Convertible & Income Fund II Company Profile

Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed‐end management investment company that seeks to provide shareholders with a combination of current income and capital appreciation. The fund primarily invests in convertible securities issued by U.S. and non-U.S. companies, along with a mix of high‐yield and investment-grade fixed-income instruments. By blending exposure to equity-linked convertibles and traditional debt, NCZ aims to deliver enhanced returns across varying market environments.

The portfolio is actively managed by the Virtus Convertible & Income Portfolio Management Team, a group of seasoned investment professionals affiliated with Virtus Investment Partners.